Yellow Corporation Provides Quarter-To-Date Operating Data for First Quarter 2021
Yellow Corporation (NASDAQ: YELL) reported operational metrics for January and February 2021, highlighting significant changes in its less-than-truckload (LTL) services.
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Rhea-AI Summary
Yellow Corporation (NASDAQ: YELL) reported operational metrics for January and February 2021, highlighting significant changes in its less-than-truckload (LTL) services. Key metrics include a 2.0% increase in shipments per workday in January, followed by a 4.8% decrease in February. The quarter-to-date (QTD) figures show an overall 1.4% decline in shipments per workday. Notably, February's performance was impacted by extreme winter weather affecting 215 terminals, with most returning to normal operations thereafter. Revenue per hundredweight and per shipment showed positive trends, increasing by 4.0% and 3.9% respectively.
Positive
- Revenue per hundredweight increased by 4.0%.
- Revenue per shipment increased by 3.9%.
- Most terminals affected by weather have returned to normal operations.
Negative
- Shipments per workday declined by 4.8% in February.
- Overall QTD shipments per workday decreased by 1.4%.
- February tonnage per workday decreased by 5.5%.
Details
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OVERLAND PARK, Kan., March 08, 2021 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported certain operating metrics for the first two months of first quarter 2021.
For Yellow less-than-truckload, the percent change 2021 from 2020:
| Shipments per Workday | Weight per Shipment | Tonnage per Workday | Revenue per Hundredweight(a) | Revenue per Shipment(a) | |
| January | |||||
| February | - | - | - | ||
| QTD | - | - | - |
(a) Includes fuel surcharge
The February operating data includes the impact from extreme winter weather that affected much of the United States. The impact to the Company included 215 terminals that were either closed or had limited operations for some period during February. Nearly all of the terminals impacted have returned to their normal operations.
About Yellow Corporation
Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through our teams of experienced service professionals, Yellow Corporation offers industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. Yellow Corporation, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics.
Please visit our website at www.myyellow.com for more information.
| Investor Contact: | Tony Carreño | |
| 913-696-6108 | ||
| investor@myyellow.com | ||
| Media Contact: | Mike Kelley | |
| 913-696-6121 | ||
| mike.kelley@myellow.com |
SOURCE: Yellow Corporation
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